On 07/19 PortfolioRunner strategy FoolPick recommended our subscribers to buy China New Borun Corp (NYSE symbol: BORN) stocks at 4.89.
Within the next weeks the stocks have shown stable upward movement with the price reaching 8.54. As a result, this stock market signal brought our clients almost 72 cents for every invested dollar. This is a wonderful example of the efficient work of PortfolioRunner stock picking strategies. For weeks before FoolPick strategy generated this buy signal the company’s stocks had been in flat and down trend.
China New Borun Corporation dates back to year 2000. Its office is situated in Shouguang, Province of Shandong, the People's Republic of China. The company enters the NYSE market in June, 2010.
China New Borun Corporation is a player on the market of alcohol production and distribution. Its main income comes from marketing alcohol produced from corn as a component for a widely-spread national drink.
Apart from marketing edible alcohol the company also distributes some ancillary products. Among such products are corn sprouts, DDGS Feed, fluid CO2, etc. The latter is often used in oil production as well as in food production industry as a food supplement.
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